SUI has posted an impressive run, climbing over 75% in a short window. But now, the price is stalling beneath a major resistance zone — a region where several key technical factors overlap. A temporary pullback looks likely before any potential continuation of the uptrend.
Key Highlights:
- SUI stalling at major resistance formed by Fib, VWAP, and range high
- Early signs of a swing-failure pattern — possible short-term top forming
- Support region sits between $2.70 and $2.40 for a potential higher low
The reaction from the range high resistance is not a surprise, especially as price approaches it with weakening momentum and lower volume. The confluence of the 0.618 Fibonacci retracement and VWAP from recent rallies makes this level a clear area for profit-taking or short setups.
If the price begins to rotate back toward the $2.70–$2.40 region, traders should monitor how it interacts with the range mid and previous structure support. This area could be the staging ground for another leg higher — possibly a wave 3 extension — if buyers step in with strength. Until then, expect range-bound behavior to persist as SUI looks for fresh direction.